I heard some of what Geoff described earlier in the thread, the digital hardness and ringing on my livingroom system. I had the Teac right next to the preamp and apparently the emi was heard through the preamp on the playback of a vinyl repressing I received as a gift over the weekend.
I moved the Teac about 18" away from the pre and soldered in a Volex power chord (three wire, 14 guage, foil shield, grounded to chassis internally) upstream of the round thingy and these measures helped a lot but the damn record still sounded ringy. I have the same musical piece on SACD as well and that version was warmer and less digital sounding (Brubeck -Take Five) so I took the record to the bedroom system which is entirely tubed albeit not warm and romantic sounding (Decware Select.) It still had a hard edge and lots of groove noise. Verdict: Probably a lousy pressing.
Anyway, I started thinking about how to further improve the Teac and like someone earlier suggested, the switching power supply is the root of lots of the issues. You can clean up the signal path, yes, of course. But the switching power supply is most likely the cause of the emi and its only advantage is that its light. If you are shipping pallets of these things, then the costs are much less with the much lighter switching power supply.
Maybe someone with EE level knowledge could take a look at this and come up with a set of mods, much like VinnieR and John Swenson did with the Toshiba 3950. The potential upside would be huge for budget minded audiophools. (Note: I realize that Wayne @ Bolder Cable is working on this for Mark and no dis intended.)
The damn thing sounds so good already and is so cheap that I hate to give up on it because it lacks that last bit of refinement.